Door de val van de US $ ,heeft voor de Amerikanen AM bij de staalaandelen het best
gepresteerd in 2017.
Steel stocks have had recent surges on Wall Street, but overall the group of some of the largest steel companies have seen their prices decline so far year-to-date. However, with a slew of good news and several positive earnings reports, it seems many analysts think the time is right to get bullish on many of the steel industry titans.
A report this past week by MarketRealist.com indicates that analysts appear bullish on six key steel stocks. The news comes after both AK Steel (NYSE: AKS), based in West Chester, and United States Steel Corp. (NYSE: X) both reported second-quarter earnings that beat analysts expectations. Steel giant ArcelorMittal (NYSE: MT) met expectations.
Steel stocks have had recent surges on Wall Street, but overall the group of some of the largest steel companies have seen their prices decline so far year-to-date.
Steel stocks have had recent surges on Wall Street, but overall the group of some of the… more
Also, Barclays and JPMorgan are both bullish on U.S. Steel, and AK Steel has received positive remarks from analysts so far this summer, including a report by Zacks Investment Research in late June that said options activity indicated a potential big swing in AK Steel's stock price.
While trade and regulatory actions by President Donald Trump's administration could be a boost to many steel companies, it also has not moved as fast as some would like and further delays could negatively impact steel stocks. However, the MarketRealist.com report indicates that the consensus estimates from Thomson Reuters has a double-digit percentage increase expectation for the six key steel stocks based on one-year price targets.
AK Steel has the largest potential upside, with a consensus price target of more than 59 percent increase in price to $8.55. AK Steel closed Friday at $5.46 per share, which is a 48 percent decline year-to-date.
ArcelorMittal had the next largest potential upside, with a consensus price target of more than 29 percent increase in price to about $32.69. ArcelorMittal closed Friday at $26.05 per share, which is a 15 percent increase year-to-date. ArcelorMittal is the only company in the group of six that has posted a gain so far this year.
Steel Dynamics Inc. (Nasdaq: STLD) has a consensus price target of more than 24 percent increase in price to $43.33. Steel Dynamics closed Friday at $35.27 per share, which is a nearly 3 percent decline year-to-date.